Yad provides a guarantee for a wholly owned subsidiary, Shenzhen, JINDA lighting

Lyad announced in October 25, 2016 that in view of the company's wholly owned subsidiary, Shenzhen JINDA Lighting Co., Ltd. (hereinafter referred to as "JINDA lighting") to meet the daily operation to meet the needs of the loan. In October 24, 2016, the company held the forty-second meeting of the second session of the board of directors for deliberation and approval of the bill on the provision of security for the wholly owned subsidiary, Shenzhen JINDA Lighting Co., Ltd., and agreed to apply for the time limit for RMB 80 million yuan to the China Co truction Bank Corp Shenzhen branch, the wholly owned subsidiary, JINDA lighting. Provide guarantee for 1 years of comprehensive credit line. It is understood that yadad holds a 99% stake in JINDA lighting, the company's wholly owned subsidiary, Shenzhen Li Yad optoelectronic Co., Ltd. holds its 1% stake. The scope of the operation of JINDA lighting includes the planning and design of urban lighting, lighting engineering consultation, the lighting environment planning, design, installation and maintenance of the buildings (hotels), gardens, squares, roads and bridges, and the design, installation and maintenance of professional lighting and intelligent control systems; green lighting products, LED products and R & D and sales of the control system; contract energy management; lighting products, lighting, intelligent control equipment, electrical products and building materials sales; import and export business (laws, administrative regulations, items to be prohibited by the State Council, restricted items must be allowed to be allowed to operate); the establishment of a business (specific item) The first grade of urban and road lighting engineering contract (construction enterprise qualification certificate is valid to January 5, 2021); lighting engineering design special grade a.